Wrong take imo. If you're overpaid, stay there till you're not. You can move on once your experience or the market catches up

Backend Engineer

This is the right perspective towards jobs / roles. 
  
 Of the 4 variables you've mentioned you should strive for 3/4. You'll get 4/4 maybe once in your lifetime.  If you are at 2/4 its time to get a new job. 
  
 There is no balance imo.  Beyond a certain comp, the law of diminishing marginal utility kicks in.  This largely depends on location, lifestyle & values.  So different strokes.

Sales Manager

In the chase for yearly hike and job switch we often ignore that beyond a certain salary bracket, chances slim down drastically to get everything in one workplace  good salary, good management, goo...

In the chase for yearly hike and job switch we often ignore that beyond a certain salary bracket, chances slim down drastically to get everything in one workplace - good salary, good management, good culture and most importantly work that you like to do for 8 hours. 
If you are within the range for the number of years of experience, that's a good place to be in than be paid significantly above and not having opportunities later to move. 
What is the balance point?

Employable Salary

Product Owner

Employable Salary- Grapevine

Welcome to Software Engineers's Private Community

This is mostly for people who have spent 10+ years in the industry. I’m sure we all can agree that the hiring and salary boom that we witnessed in 2021-22 is mostly over now. Now it’s more about surviving the job market rather than printing asymmetrical amount of money

But how has it turned out for people who’ve been in the game for too long. I know some people who switched jobs too quickly and are at a higher package but still not content. At the same time, I know a few seniors who’re still in my first company and are happier than ever with the work.

I understand that in Tier-1 cities, the expense itself is more and you’re sometimes forced to switch just to stay afloat. But what would you recommend new joiners based on your experience? Does chasing money in early years help later or only focusing on skills?

Chasing money or skills? What paid off at the end?

Should alter the choice during switches. 
  
 If a switch is taken for money then next switch should be for skill or promotion and so on

Software Developer

Software Engineer

Welcome to Office Gossip's Private Community

Have been on my first job for over 8 years now. Joined as an associate, changed various roles and made progress to become a PM. Happy with my job and importantly, I've been learning new things everyday and have a great leader.
But constantly, at the back of my mind, i have a thought, will i become irrelevant one day? Is it bad to stay at the same company for too long (or forever)? What are the pros of changing the job? What are cons of sticking back?
Any input, is much appreciated!

How long should one work at the same company?

Program Manager

Around 8 YOE, Java fullstack currently at 18 LPA. Looking for a switch and need to understand the current market standards for a hike. Any advice on type of company to target for in Chennai.

Salary and Job switch advice

I am a Product Designer at an Edtech Startup (raising 20m Series B soon) with almost a year (1) of full time experience but overall almost 3 (including internships) at some great companies.

As I am looking for a change what salary should I expect? Considering:-

- I have a design degree from a Non-IIT/Non-NID Tier 1 University (known for good engineers) [so good foundation hopefully]
- The companies I have interned at range from Japanese MNC/Conglomerate, Indian Fashion focused E-Commerce Giant, Indian Food Tech/Delivery Giant & an Indian Digital Transformation Giant.
- The average stipend I earned at these companies was around 40K/month.
- The salary I earn right now every month is between 70 - 90K
- I believe I have Got good Product focused UX knowledge. [Part of the Product team not a seperate Design Team]
- Not another Figma/Framer drooling Designer.
- Many of my peers from my alma mater are placed in Big Tech or Desi Giants owned by Foreign Giants

So what salary should I be expecting? (Keeping aside the ESOP/RSU part)
Is ~ 1.25L/month in hand is right ask?

Please suggest.

How much Salary to expect? [INDIA] 🇮🇳

Product Designer

I'm 22 and like 6 months into my first, I really love what I'm working on and what I'm being compensated for that. But whenever I ask anyone whats their plan is they say mostly switch within 1-2 years, especially freshets who were selected along with me, and surprisingly almost no one here is from pre-covid.

Does everyone switch jobs as often as it seems?

How frequent should we be switching jobs?

As many a times we encounter situation where HR interrogate about multiple career advice. HOWEVER IT IS MANDATORY TO SWITCH JOB FOR FINANCIAL GROWTH.

Frequency of Switching Job ?

Hello all, what are your takes on switching Companies every 4-6 years (or other frequencies) v/s staying in one company for longer duration like 10-20 years? 

Note: While staying at the same company, one should stay relevant and try to evolve rapidly as well. Taking on new challenges, moving to different teams/verticals will be a part of it. It won't be like staying in just one role, doing the same work every day, expecting a hike/promotion someday.

While switching, money would definitely get double or tripled, but considering an ideal/hypothetical situation where someone is making 'good enough salary' from the beginning of their career itself, and then the fact that the more we wait, the compensation would compound down the lane.

Switching Companies v/s Not Switching Companies

Product Manager

Given the current ongoing scenario, what should be the strategy to get early hikes in career as you move along?

What I used to believe is to jump every 1.5-2 years just to be safe so that you can justify your jumps to next employer.
As you reach senior position then you slow down for a more stable company as you might have a family to look after(early 30s).

What do you guys think?

What would be the best strategy to jump salaries?

Since the job switch hike can never be matched by a promotion within the same org at least in India, Is frequent job-hopping the key to maximizing earnings?

What are the potential downsides of job-hopping every two years?

For those who have stayed longer at one company, how has your compensation growth compared?

Do you think switching jobs frequently is sustainable in the long term?

Is a 1 crore package worth switching jobs every 2 years?

Founder

I finally got a job offer after being jobless for around 7-8 months now. But the company is offering me the same CTC I was previously drawing. Reasons they sighted were that I've been jobless for a long period now. Is this normal?
The company is good. Has a good set of customers. Has raised good funding recently. Team seems to be good as well. But its the CTC that I'm unsure about.

What to do ?! 

P.S. my prev CTC was also entry level pay, say 40k in hand on avg after all deductions.

Jobless: Now getting same CTC as 8 months ago.

Welcome to Salary Discussion's Private Community

Is 35 lpa for 9.6 yoe a good salary or still it is not up to the market standard? Please advice.

Senior Associate

Why do companies pay better offer to new joiners rather than retaining existing employees?

Companies often prioritize cost optimization over the well-being of their employees. It seems there's a tendency for companies to offer more attractive pay packages to new hires rather than investing in retaining their existing workforce. 

This approach, aimed at bringing in fresh perspectives, has always led to dissatisfaction among current employees who feel undervalued.

In my experience, many professionals have encountered situations where significant salary hikes were only granted when they considered leaving their current positions. So, some companies do make efforts to retain talent.

So, job-switching becomes a necessary step to achieve substantial salary increases, as long-term loyalty to a company does not always result in proportional financial rewards.

Analyst

I'm frontend React Javascript developer with overall 4 years of experience (out of which 2yrs in react) Sitting with 5Lpa at TCS. What should I answer on expected salary in interviews. And if possible guide me reason for that ask. (Sorry for posting again but really need idea on this)

Salary expectation

Sadly the Q3 company profits were only $18.3 Billion

DevOps Engineer

To the People who have made / are making frequent job switches ( say each year or so ), 
What’s your salary progression and any issues you might think you run into in the future

Employable Salary

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